879 Parsons Street SW
Atlanta, GA 30314
- – beds
- – baths
- 4,347 sqft lot
- 2010 build
- – on site
Offered at $1,200,000 with a CAP rate just under 8%, this 14-unit property at 879 Parsons St SW boasts a potential annual gross income of $137,100. Currently over 70% occupied with many tenants currently applying, it’s a perfect 1031 exchange candidate or even for a first time investment. Built in 2010 for student housing, it includes Side A and Side B, each with 7 rooms, 6 bathrooms, and full kitchens, plus private bathrooms in 10 units. Key features include new HVAC, water heaters, keyless entry, and close proximity to Morehouse, Georgia Tech, Spellman, MARTA, and shopping. This turnkey investment is a high-yield, easy-to-manage asset. Units B2, B3, A1, A3 have shared bathrooms, the rest have their own private bathrooms. 2 shared kitchens & 2 shared laundry sets/areas per side. Property is great for DSCR loan or even a 1031 exchange.
Last checked:
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Last updated Apr 24, 2025
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MLS# 7562100 —
This property is listed in more than one place. See it here.
The Building
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Year Built:2010
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Construction Materials:Brick
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# of Units Total:14
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Levels:Three Or More
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Roof:Composition
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Window Features:None
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Security Features:None
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Accessibility Features:None
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Green Energy Efficient:None
Interior
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Furnished:Unfurnished
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Flooring:Luxury Vinyl
Location
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Directions:From I-20 W. Take exit 55A toward Lowery Blvd/West End. Merge onto Park St SW. Turn right onto Joseph E Lowery Blvd SW. Turn right onto Parsons St SW. Destination will be on the left
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Latitude:33.75101
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Longitude:-84.416429
The Property
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Parcel Number:14 010900030420
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Property Type:Residential Income
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Property Type:Residential Income
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Property Subtype:Other
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Property Condition:Resale
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Lot Features:Corner Lot
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Lot Size Acres:0.0998
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Lot Size Dimensions:x
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Lot Size Source:Public Records
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View:Trees/Woods
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Fencing:None
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Waterfront Features:None
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Water Body Name:None
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Property Attached:false
Listing Agent
- Contact info:
- Agent phone:
- (404) 551-8454
- Office phone:
- (678) 439-0100
Taxes
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Tax Year:2023
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Tax Annual Amount:10600
The Listing
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Virtual Tour URL Unbranded 2:https://www.propertypanorama.com/879-Parsons-Street-SW-Atlanta-GA-30314/unbranded
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Home Warranty:false
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Special Listing Conditions:None
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Special Circumstances:None
Heating & Cooling
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Cooling:Ceiling Fan(s)
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Heating:Central
Utilities
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Utilities:Cable Available
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Sewer:Public Sewer
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Water Source:Public
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Green Energy Generation:None
Schools
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Elementary School:M. A. Jones
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Middle Or Junior School:Herman J. Russell West End Academy
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High School:Booker T. Washington
The Community
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Subdivision Name:Steuerwald
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Community Features:Sidewalks
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Association:false
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Pool Private:false
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Dock:None
Parking
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Parking Features:Driveway
Listing Provided Courtesy of Boulevard Homes, LLC
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Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
